U.S. dollar skids to two-week low vs yen as Fed looms

FILE PHOTO: South Korean won, Chinese yuan and Japanese yen notes are seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji/File Photo

The Fed begins a two-day meeting on Tuesday and analysts expect the U.S. central bank to affirm its current zero-interest-rate policy over the next three years, a view that could further weigh on the dollar. Analysts do not expect a rate hike view from the Fed on Wednesday, but if it does happen, that could be a positive for the dollar.

“The big story for tomorrow would be a 2023 rate hike on the dots,” said Greg Anderson, global head of FX strategy at BMO Capital Markets in New York. “What we’d hope to see is that the Fed projects no rate hikes for 2023. If they put a rate hike in there, equities and commodities would sell off and the dollar would rally,” he added.to 105.46, after earlier sliding to a two-week low of 105.30 yen.“The U.S. central bank will be wary of uncertainty the U.S. presidential election will bring with it and wouldn’t want to cause unnecessary turmoil in the financial markets,” said Fawad Razaqzada, market analyst, at ThinkMarkets.com in London.

Of course! We are the laughing stock of the world. Hell, even the “shit hole” countries are laughing at us. Anybody buying stocks who isn’t already filthy rich is a fool. We are about to enter end times calamity if Trump gets 4 more years. At least 300,000 dead by Christmas.

The Yen is from where?

Keep printing 🤑🤑🤑

the leaders and speakers of Iran should shut your mouth and must look at yourself,do not foolish to do any thing danger for yourself. all things are limited, if all of you go too far then will receive the result thousandfold.those are the true, must be careful your speech and act

Dear the Leaders in the world, in present there're some countries of EU group which was to be CCP lead them by the nose due to they're greedy for money to accept fold their head in front of CCP when talk about trade with CCP. they had lost value freedom democratic. really vile.

'Skids'. Reuters doesn't understand economics.

Who cares

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